Annual Report 2010 - Ministry of Finance and Planning

Ministry of Finance and Planning Sri Lanka > Annual Report 2010Chart 2.4 > Liquor ProductionChart 2.5 > Tax Revenue on Liquor80406030Mn. of Ltrs40Rs. Bn20201002006 2007 2008 2009 2010Hard LiqourSoft Liquor02006 2007 2008 2009 2010Hard Liqour Soft Liquor Total TaxesNorthern and Eastern provinces dueto the establishment of law and order5Chart 2.6 > Cigarette Sales & Tax Revenue55in those areas was the main reasonfor the increase in the revenue fromexcise duty on liquor.Excise tax generated from cigaretteswas Rs. 40,643 million in 2010, anSticks Billion43245352515Rs.Bnincrease of 8.1 percent over that of2009. The main reasons behind this15increase were opening up of newmarkets in Northern and Easternprovinces and the three rate revisionsin June, October and November 2010.0200520062007Cigarette Sales20082009Tax Revenue2010-5The excise tax on the import ofvehicles increased significantly toRs. 21,199 million in 2010 from Rs.3,191 million in 2009. The main factorattributable to this higher growthwas the duty reduction applicableon motor vehicles in June 2010 andthe subsequent surge of importationof motor vehicles. Meanwhile, incomparison to 2009, the exciserevenue from petroleum and othersources increased by 10.8 percentto Rs. 31,336 million in 2010 mainlyowing to increase in the volume ofpetroleum product imports.Table 2.4 > Production and Excise Tax Collection from CigarettesYear Quantity Produced Excise Tax RevenueMillionSticks% Change Amount(Rs. Mn)2006 4,791 30,099% Change2007 4,670 -2.5 31,447 4.52008 4,467 -4.4 37,288 18.62009 4,101 -8.2 37,581 0.82010 4,286 4.5 40,643 8.1Source: Department of Sri Lanka Customs151